Caught up in international investigations and armed with top white-collar lawyers and consultants, FIFA made financial disclosures on Thursday that showed just how high the cost of scandal has been for world soccer’s governing body.
For the first time in 13 years, FIFA, a nonprofit association, reported a loss ($122 million) in 2015, a year in which it spent seven months reacting to a continuing corruption case in the United States and a parallel criminal inquiry in Switzerland.
Since last summer, lawyers from Quinn Emanuel and consultants from Teneo Holdings have flown between the United States and Switzerland, steering FIFA and dealing with criminal authorities and the news media.